<div class=newsTextDataWrapInner><p>SINGAPORE (June 10): Healthcare provider AsiaMedic has appointed Choo Kin Poo as Chief Executive Officer from Friday.</p></div>

<div class=newsTextDataWrapInner><p>Reporting to the board of directors, Choo will be responsible for carrying out the strategies and policies as established by the board and for the overall management, development and financial performance of the group.</p></div>

<div class=newsTextDataWrapInner><p>Choo is currently the Group Vice-President for strategy planning, business development &amp; operations at Luye Medicals Group, which is the controlling shareholder of AsiaMedic.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Luye is focused on developing global private healthcare services, hospitals, medical centres and network. Choo is also a non-executive board member of certain Luye companies in Australia and South Korea.</p></div>

<div class=newsTextDataWrapInner><p>AsiaMedic says Choo has over 18 years of experience spanning strategy and planning, business development and mergers and acquisitions in the healthcare industry.</p></div>

<div class=newsTextDataWrapInner><p>Prior to joining Luye, Choo held key positions at Covance Drug Development of Laboratory Corporation of America Holdings, the National Healthcare Group in Singapore and Hygieia Healthcare.</p></div>

<div class=newsTextDataWrapInner><p>AsiaMedic shares closed 3.17% lower at 6 cents on Friday.</p></div>

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SINGAPORE (June 10): Healthcare provider AsiaMedic has appointed Choo Kin Poo as Chief Executive Officer from Friday.

Reporting to the board of directors, Choo will be responsible for carrying out the strategies and policies as established by the board and for the overall management, de...

AsiaMedic appoints Choo Kin Poo as CEO

KUALA LUMPUR (Oct 19): At a whopping RM421 billion, Budget 2025, which was unveiled on Friday, Oct 18, is 3.3% higher than the revised Budget 2024’s estimate of RM407.5 billion, and marks the second time the federal government’s budget has breached RM400 billion.

Budget 2025: More but not bold reforms

Some US states are sending strong signals to county and local officials who might be tempted to intervene illegally in the Nov 5 election or refuse to certify results: Fail to do your duty and risk criminal charges or hefty financial penalties.

In at least five of the seven battleground states that could determine whether the next US president is Democrat Kamala Harris or Republican Donald Trump, top election and law enforcement officials have investigated, indicted and even jailed officials who tried to interfere with the vote or delay certification of results, a necessary but largely ceremonial step.

US states warn officials: Delaying, tampering with vote could bring criminal charges

The allocation announced by Prime Minister Datuk Seri Anwar Ibrahim in Budget 2025 regarding the creative industry clearly shows the government's support for artistic talent.

National Development Corporation Malaysia (Finas) Chief Executive Officer Datuk Azmir Saifuddin Mutalib said through the Madani Creative Youth Program with an allocation of RM30 million, it will be able to help the development of the creative industry.

Madani Creative Youth Program proof of govt's commitment towards promoting creative industry

The Madani government's Budget 2025 has put forth a clear call to action for board directors, namely to proactively step up, lead with purpose, exercise risk leadership, embrace diversity and innovation and prioritise people and talent to champion the national agenda.

Institute of Corporate Directors Malaysia (ICDM) president and chief executive officer Michele Kythe Lim said the budget also introduced policies, frameworks and incentives to help companies focus and prioritise.

Budget 2025 puts forth clear call to action for board directors — ICDM

The allocation of more than RM60 million for upgrading judicial infrastructure, including the development of the e-Judiciary system, will enhance public access to justice, said Datuk Seri Azalina Othman Said.

The Minister in the Prime Minister's Department (Law and Institutional Reform) said this measure, which supports the digital agenda, is in line with efforts to empower the judiciary as an independent body.

RM60 mil for infrastructure upgrade to improve access to justice

The Congress of Union of Employees in the Public and Civil Services (Cuepacs) has urged civil servants to be fully committed to ensure the government's dedication to improve the public service delivery system to the people is implemented effectively.

Civil servants told to be fully committed to improving service delivery system

EVENING 5: Budget 2025 edition

The S&P 500 and the Nasdaq opened higher on Friday, lifted by advances in technology shares, while the Dow Jones Industrial Average edged lower.

Tech stocks lift Nasdaq, S&P 500; Netflix soars after results

The US Federal Aviation Administration (FAA) announced a new review into Boeing Co’s safety processes, a week after a government watchdog said the agency needed to be more proactive in its oversight of the planemaker.

FAA starts new Boeing review after watchdog seeks more action

Tax leaders at the Big Four accounting firms and other tax experts said measures proposed under Budget 2025 would dovetail with the government’s fiscal consolidation plan though more clarity is required.

Big Four, tax experts say Budget 2025 measures fit into fiscal consolidation goal

<p>The government has extended the exemption from individual income tax for foreign-sourced income for 10 years until Dec 31, 2036, as part of a slew of income tax exemptions and reliefs for individuals, Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim announced in his Budget 2025 speech on Friday.</p>


Govt extends individual income tax exemption for foreign-sourced income for another 10 years, plus other tax reliefs

<p>The government will introduce a 2% tax in the year of assessment 2025 on dividend income exceeding RM100,000 received by individual shareholders.</p>

<p>This comes as a negative surprise as Malaysia currently adopts the single-tier tax system whereby companies are not required to deduct tax for dividends paid to shareholders. Taxes are only required at the company level.</p>


Investors hold different views on 2% tax on dividends exceeding RM100,000

<p>KUALA LUMPUR (Oct 18): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:</p>

<p><strong>HeiTech Padu Bhd</strong> (KL:HTPADU), whose share price hit a record high of RM4.40, announced that it has won an RM892.2 million National Integrate...

HeiTech Padu, Exsim Hospitality, Sorento and OB Holdings

<p>Malaysia’s Budget 2025 sees more small steps being taken towards supporting the ordinary Malaysians folks, particularly the low-income groups. The government is riding the positive economic growth enjoyed this year, introducing more measures to redirect wealth to the needy.</p>


More, but not bold, steps towards reform as Budget 2025 unveiled

<p>Malaysian banks have expressed support for Budget 2025, which aims towards fostering sustainable and inclusive economic growth.</p>


Malaysian banks laud Budget 2025 for promoting sustainable, inclusive economic growth

<p>While the newly announced Budget 2025 is not a “property budget”, property consultants applaud the introduction of tax relief for housing loan interest payments up to RM7,000, which is expected to encourage first-time homeownership.</p>

<p>In the Budget 2025 tabled on Friday, the government announced individual tax relief for housing loan interest payments to encourage first-home ownership. Tax relief of as much as RM7,000 will be provided for homes worth up to RM500,000, while tax relief of up to RM5,000 will be provided for houses priced between RM500,000 and RM750,000.</p>


Consultants see tax relief for housing loans supporting first-time buyers amid limited property measures in Budget 2025

<p>Tax leaders at the Big Four accounting firms and other tax experts said measures proposed under Budget 2025 would dovetail with the government’s fiscal consolidation plan though more clarity is required.</p>


<p>The federal government is in the process of drafting legislation to introduce home detention as an alternative punishment for certain offences, according to Prime Minister Datuk Seri Anwar Ibrahim in a&nbsp;written speech.</p>


Govt to draft new law enabling home detention as alternative punishment, says Anwar

<p>The Federation of Malaysian Manufacturers (FMM) has voiced its disappointment with the government’s decision to increase the excise duty on sugar-sweetened beverages under Budget 2025.</p>


FMM disappointed with sugary drink tax, calls for holistic approach

<p>The Madani government's Budget 2025 has put forth a clear call to action for board directors, namely to proactively step up, lead with purpose, exercise risk leadership, embrace diversity and innovation and prioritise people and talent to champion the national agenda.</p>

<p>Institute of Corporate Directors Malaysia (ICDM) president and chief executive officer Michele Kythe Lim said the budget also introduced policies, frameworks and incentives to help companies focus and prioritise.</p>


<p>The government is prioritising future development efforts on essential infrastructure that benefit the people and support industrial developments, rather than mega projects.</p>


Govt prioritising essential infrastructure over mega projects

<p>The construction of the West Coast Expressway (WCE) from Banting to Gelang Patah that was announced in the Madani Budget 2025 will benefit Melaka, its chief minister, Datuk Seri Ab Rauf Yusoh said.</p>


Construction of West Coast Expressway will benefit Melaka — Chief Minister

<p>Bursa Malaysia Bhd (KL:BURSA) and the Securities Commission Malaysia (SC) welcomed the measures in Budget 2025 aimed at stimulating economic activity while also strengthening Malaysia’s financial position.</p>


Bursa, SC commends balanced Budget 2025 spurring economy while bolstering financial position

<p>Here are some of the key takeaways from Budget 2025.</p>


EVENING 5: Five things you need to know today

<p>More details on the mechanism for targeted subsidies for RON95 petrol should come in the coming months as the government is still in the process of reviewing it, said Transport Minister Anthony Loke.</p>

<p>One of the proposals under discussion, he said, is the introduction of an identification system at retail stations, where eligible Malaysians would need to use their identity cards to verify eligibility before the subsidised price is displayed.</p>


More details on targeted RON95 subsidies expected in coming months, says Loke

<p>The government will announce special incentives for the Johor-Singapore Special Economic Zone (JS-SEZ) by the end of this year, said Prime Minister Datuk Seri Anwar Ibrahim.</p>

<p>He said the special incentives provided can attract quality investments and offer high-value jobs in an effort to accelerate the growth of the zone and at the same time to become a sustainable special economic zone.</p>


Govt to announce special JS-SEZ incentives by year end — Anwar

<p>The government's focus on both subsidy rationalisation and broadening of the tax base under Budget 2025 reflects sound fiscal prudence, said Khazanah Research Institute (KRI), which would bolster the country's resilience amid increasing global uncertainty.</p>


Budget 2025 reflects sound fiscal prudence, says Khazanah Research

<p>The S&amp;P 500 and the Nasdaq opened higher on Friday, lifted by advances in technology shares, while the Dow Jones Industrial Average edged lower.</p>


<p>SCIB Concrete Manufacturing Sdn Bhd, a wholly owned subsidiary&nbsp;of Sarawak Consolidated Industries Bhd&nbsp;(KL:SCIB),&nbsp;has accepted Islamic banking facilities totalling RM48 million from Affin Islamic Bank Bhd.</p>


SCIB unit secures RM48m Islamic banking facilities from Affin Islamic Bank

<p>US Republican presidential candidate Donald Trump said he would consider exempting police officers, firefighters, active duty military and veterans from paying taxes, the former president’s latest campaign trail idea to deliver tax breaks to key groups of supporters.</p>
